Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection?

They will provide name and number

LLCs are a type of business entity that shields owners from liability for business debts and avoids double taxation while providing for a flexible structure to manage the business.Would you consider one better than the other and why?

I attended a free event that shared a few useful tips and offered for $300 to provide resources to actually use when finding and analyzing deals, as well as resources on how to find leads for off-market deals, etc.

@Patricia Andriolo-Bull you provided a nice summary of your rationale for not utilizing a 1031 exchange and like some others have mentioned, I think #3 is the most compelling and overlooked.

They have fantastic ratings (5 stars across the board) and pride in providing high-touch, high-end service. 

Regular inspections help you stay ahead of potential issues and ensure your property remains in top condition, saving time and money while providing a safe and comfortable environment for tenants or residents.Case Studies and Real-Life Experiences:Show successful tenant maintenance, like fixing a leaky faucet or a clogged drain, saving time and money.

@Jordan Budke - In my opinion the Bakersfield market is still going to keep chugging along and providing value to investors. 

If you search "ADU", "in-law", "separate entrance", etc. it will find all MLS listing descriptions that have that language provided by the listing agent. 

I was ~ $12k all in with furniture, security deposit, first month rent and maxing out my personal credit cards to get it ready with photos.That $12k provided me with an airbnb profiting me $1.4k/mo in profit.